Peraso Stock Price, News & Analysis

Peraso Inc (NASDAQ:PRSO) has bolstered its relationship with GigFire, a wireless internet service provider, through the appointment of Nadine Hatto to GigFire's Advisory Board. Dr. Hatto, with over 20 years in telecommunications, previously served as senior director of product marketing at Peraso and brings extensive industry knowledge. This strategic collaboration aims to enhance GigFire's expansion into new markets by leveraging Peraso's 60 GHz fixed wireless access technology. The partnership seeks to provide competitive pricing and 1-gigabit connectivity to rural customers, addressing technology challenges in this growing demand sector.

Peraso's CEO, Ron Glibbery, regards Dr. Hatto's appointment as a strong endorsement of Peraso's leading role in the FWA market.

Peraso Inc. (NASDAQ:PRSO) reported strong financial results for Q4 and full year 2022. Q4 total revenue reached $3.9 million, a 25% increase sequentially and over 100% year-over-year. Full year revenue grew 160% to $14.9 million, driven by increased shipments of mmWave and memory IC products. Gross margin improved to 44.2% for Q4, up from 39.3% the previous quarter. However, the company faced a net loss of $14.6 million in Q4 due to a goodwill impairment charge. Looking forward, Peraso anticipates Q1 2023 revenue between $4.7 million and $5.0 million, while implementing cost-saving measures to enhance operating results.

Peraso Inc. (NASDAQ:PRSO) will announce its fourth quarter and full year 2022 financial results on March 22, 2023, after market close. The announcement will be followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), featuring CEO Ron Glibbery and CFO Jim Sullivan. Interested parties can join by phone or via a webcast. Peraso, a leader in mmWave technology, provides innovative solutions for applications such as 5G and fixed wireless access. For more details, contact Investor Relations at the Shelton Group.

Peraso Inc. (NASDAQ:PRSO) reported preliminary fourth quarter revenue of approximately $3.9 million, within its guidance range of $3.8 to $4.1 million, marking an 18% sequential growth. To address current market conditions, the Company is implementing cost reduction initiatives expected to save about $5 million annually through layoffs and reduced R&D spending. The Company has collected $1.5 million from a significant customer toward outstanding receivables. Peraso aims to optimize resources and shorten the time to profitability as it navigates the economic challenges ahead.

Peraso Inc (NASDAQ:PRSO) will participate in the WISPAMERICA tradeshow in Louisville, Kentucky, from March 6 to 9, 2023. The event will provide an opportunity for Peraso to engage with customers and industry leaders, focusing on its advanced mmWave technology solutions for fixed wireless access (FWA) and 5G customer-premises equipment (CPE). CEO Ron Glibbery expressed enthusiasm for showcasing their capabilities and highlighted that Peraso is a leading provider across all mmWave communication bands (24GHz - 71GHz). The company aims to explore new strategic markets and strengthen its position in the growing FWA sector.

Peraso Inc. (NASDAQ:PRSO) will participate in the Mobile World Congress (MWC) Barcelona 2023 from February 27 to March 2. The company aims to showcase its latest mmWave technology solutions for Fixed Wireless Access (FWA) and Customer Premise Equipment (CPE). Peraso's executive leadership will be available in their private meeting room #2B3MR. CEO Ron Glibbery emphasized the company's commitment to developing high-performance, cost-effective solutions to support the evolving 5G market. Interested parties can request meetings via email with the company representatives.